Salem Erode Investments Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)

Latest Rating

BB (INFOMERICS)

Total Debt Outstanding

₹24 Cr

Across 39 instruments

Listed Bonds

First Issue

2021-12-31

Latest Issue

2026-02-09

Maturity Range

2027 - 2031

Observation

39 active bonds tracked from this issuer.

View details →

Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies

01 Issuer Overview

Sector

Financial Services

Issuer Type

Nbfc

First Tracked Bond

2021-12-31

Start of this issuer's debt program timeline

39 active bonds tracked from this issuer.
39 of 39 tracked bonds with a stated security status are secured. (based on 39 bonds with a disclosed security status)
Most recent rating action: reaffirm by CRISIL on 2026-06-29.

Operating in the financial services sector, Salem Erode Investments Limited is classified as an NBFC. Bond coupons here span 11.75% - 13.66%, paid monthly. The maturity ladder spans 2027 - 2031.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile

Outstanding Bonds

Tracked by RetailBonds

Amount Tracked

₹24 Cr

Of bonds tracked by RetailBonds — not the issuer's total outstanding debt

Avg Coupon

12.51%

Range 11.75% - 13.66%

Avg Remaining Tenure

2.1 Yrs

Nearest maturity 2027-01

Secured

100%

39 of 39 bonds with known status

Callable

Of 39 bonds

Avg Spread vs G-Sec

+686 bps

Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (13 bonds).

Security Type / Instrument Mix

NCD 39 bonds · 100% · ₹24 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)

Based on 39 of 39 active bonds with a known issue date and issue size.

03 Credit Profile

Below BBB 5 bonds · 13%
Unrated 34 bonds · 87%

Agency	Rating	Outlook	Bonds
INFOMERICS	BB	—	5

Recent Rating Actions

2026-06-29 · CRISIL

Reaffirmed · Stable

04 Outstanding Bonds View all bonds →

ISIN	Bond Name	Coupon	Rating	Maturity	YTM	Last Trade
INE894E07967	12.75% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III CUMULATIVE SCHEME SENIOR CITIZEN DATE OF MATURITY 12/01/2027.	12.75%	—	2027-01-12	—	—
INE894E07918	11.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME GENERAL DATE OF MATURITY 12/01/2027.	11.75%	BB (INFOMERICS)	2027-01-12	—	—
INE894E07926	12.25% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME SENIOR CITIZEN DATE OF MATURITY 12/01/2027.	12.25%	BB (INFOMERICS)	2027-01-12	—	—
INE894E07934	12.25% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES III CUMULATIVE SCHEME GENERAL DATE OF MATURITY 12/01/2027.	12.25%	BB (INFOMERICS)	2027-01-12	—	—
INE894E07AI0	11.75% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME GENERAL DATE OF MATURITY 13/02/2027.	11.75%	BB (INFOMERICS)	2027-02-13	—	—
INE894E07AJ8	12.25% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME SENIOR CITIZEN DATE OF MATURITY 13/02/2027.	12.25%	BB (INFOMERICS)	2027-02-13	—	—
INE894E07124	13.66% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 31/05/2027	13.66%	—	2027-05-31	—	—
INE894E07256	13.66% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE. SERIES IV CUMULATIVE GENERAL/SENIOR CITIZEN. DATE OF MATURITY 21/06/2027.	13.66%	—	2027-06-21	—	—
INE894E07363	13.66% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV(CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 17/07/2027	13.66%	—	2027-07-17	—	—
INE894E07470	13.66% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV(CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 30/08/2027.	13.66%	—	2027-08-30	—	—
INE894E07AL4	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 20/11/2027	12.00%	—	2027-11-20	—	—
INE894E07AN0	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 20/11/2027	—	—	2027-11-20	—	—
INE894E07AP5	12% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 08/01/2028	12.00%	—	2028-01-08	—	—
INE894E07AO8	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 08/01/2028	—	—	2028-01-08	—	—
INE894E07678	13.01% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV(CUMULATIVE-GENERAL SENIOR CITIZEN). DATE OF MATURITY 02/02/2028	13.01%	—	2028-02-02	—	—
INE894E07AQ3	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 15/03/2028	12.00%	—	2028-03-15	—	—
INE894E07AR1	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 15/03/2028	—	—	2028-03-15	—	—
INE894E07AU5	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 23/06/2028	12.00%	—	2028-06-23	—	—
INE894E07AT7	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 23/06/2028	—	—	2028-06-23	—	—
INE894E07AW1	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 11/08/2028	—	—	2028-08-11	—	—
INE894E07AX9	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 11/08/2028	12.00%	—	2028-08-11	—	—
INE894E07BH0	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 03/10/2028	12.00%	—	2028-10-03	—	—
INE894E07BI8	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 03/10/2028	—	—	2028-10-03	—	—
INE894E07AZ4	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 15/11/2028	12.00%	—	2028-11-15	—	—
INE894E07BA5	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 15/11/2028	—	—	2028-11-15	—	—
INE894E07BG2	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 03/01/2029	12.00%	—	2029-01-03	—	—
INE894E07BF4	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 03/01/2029	—	—	2029-01-03	—	—
INE894E07BE7	12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I DATE OF MATURITY 09/02/2029	12.00%	—	2029-02-09	—	—
INE894E07BD9	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 09/02/2029	—	—	2029-02-09	—	—
INE894E07819	13.01% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES IV CUMULATIVE SCHEME GENERAL & SENIOR CITIZEN DATE OF MATURITY 20/02/2029.	13.01%	—	2029-02-20	—	—
INE894E07959	13.01% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES IV CUMULATIVE SCHEME GENERAL & SENIOR CITIZEN DATE OF MATURITY 12/09/2029.	13.01%	—	2029-09-12	—	—
INE894E07AK6	13.01% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES IV CUMULATIVE SCHEME GENERAL & SENIOR CITIZEN DATE OF MATURITY 13/10/2029.	13.01%	—	2029-10-13	—	—
INE894E07AM2	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 20/07/2030	—	—	2030-07-20	—	—
INE894E07AS9	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 08/09/2030	—	—	2030-09-07	—	—
INE894E07BB3	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 23/02/2031	—	—	2031-02-23	—	—
INE894E07AV3	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES III DATE OF MATURITY 11/04/2031	—	—	2031-04-11	—	—
INE894E07AY7	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 15/07/2031	—	—	2031-07-15	—	—
INE894E07BJ6	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 03/09/2031	—	—	2031-09-03	—	—
INE894E07BC1	SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 09/10/2031	—	—	2031-10-09	—	—

Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings

Credit Rating Rationale

CRISIL Rating Rationale 2026-06-29

07 Methodology & Data Coverage

Dataset	Count	Freshness
Credit Ratings (current)	5	2023-07-13
Rating Actions History	1	2026-06-29
Secondary-Market Trades	0	—
Reg52(4) Payment Disclosures	0	—

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions

How many active bonds does Salem Erode Investments Limited have?

Salem Erode Investments Limited currently has 39 active bonds with coupons 11.75% - 13.66%, maturities spanning 2027 - 2031.

What is Salem Erode Investments Limited's credit rating?

The most recent rating on Salem Erode Investments Limited's bonds is BB (INFOMERICS), published by INFOMERICS.

Are Salem Erode Investments Limited's bonds secured?

Of the 39 bonds with a disclosed security status, 39 are secured (100%) and 0 are unsecured.

When do Salem Erode Investments Limited's bonds mature?

Salem Erode Investments Limited's active bonds mature between 2027 - 2031; the nearest matures in 2027-01; the average tenure is 2.1 Yrs.

What is the average coupon on Salem Erode Investments Limited's bonds?

The average coupon across Salem Erode Investments Limited's 39 active bonds is 12.51%.

Disclaimer: This page aggregates publicly available data about Salem Erode Investments Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.